Common use of Stock Dividends, Distributions, Etc Clause in Contracts

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Debtor and/or Subsidiary shall became entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend, stock split, conversion of a convertible security or a distribution in connection with any reclassification or any increase or reduction of capital, or issued in connection with any reorganization), option or right, whether as an addition to, in substitution, of or in exchange for any of the Shares, Debtor and Subsidiary agrees that such stock certificate, option or right shall be additional collateral security for the Secured Obligations, and shall be delivered to Escrow Agent to be held as Collateral pursuant to the terms of this Agreement.

Stock Dividends, Distributions, Etc. If, while this Agreement is in effect, the Debtor and/or Subsidiary the Subsidiaries shall became become entitled to receive or shall receive any stock certificate (including, without limitation, any certificate representing a stock dividend, stock split, conversion of a convertible security or a distribution in connection with any reclassification or any increase or reduction of capital, or issued in connection with any reorganization), option or right, whether as an addition to, in substitution, of or in exchange for any of the Shares, the Debtor and Subsidiary agrees the Subsidiaries agree that such stock certificate, option or right shall be additional collateral security for the Secured Obligations, and shall be delivered to Escrow Agent to be held as Collateral pursuant to the terms of this Agreement.